Citywire printed articles sponsored by:
View the article online at http://citywire.co.uk/wealth-manager/article/a703765
BNY Mellon to use 15-strong boutique network for multi-asset range
by James Phillipps on Sep 19, 2013 at 09:18
BNY Mellon Asset Management is planning to launch a suite of multi-asset funds targeted at the adviser market.
The investment giant owns 15 individual boutique managers, including Newton and Insight, and will look to blend a range of their funds into a suite of risk-rated portfolios.
Scott Goodsir, managing director of UK wholesale, said advisers who operate under the restricted banner are a focus, with BNY Mellon able to provide access to a number of independently run fund groups covering a wide range of asset classes through a single contact point.
‘The restricted area is key,’ he said. ‘I expect us to launch a range of risk-rated multi-asset solutions.’
He said the plans are in early stages, but the group is looking at initially blending funds from six of the underlying asset managers with the flexibility to bring in additional funds from other boutiques under the BNY Mellon umbrella if needed, further broadening the range of asset classes that it can access.
The multi-asset and model portfolio market is an increasingly competitive field, but Goodsir expects demand to continue to grow and believes the range of investment styles and specialisms the group can offer will be a key differentiator.
News sponsored by: